Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

German Machinery Orders Increased by 1% in October, VDMA Says

Don't Miss Out —
Follow us on:

Nov. 30 (Bloomberg) -- German plant and machinery orders rose in October, supported by domestic demand, the VDMA machine-makers’ association said.

Orders, adjusted for inflation, rose 1 percent from a year earlier after increasing at the same pace in September, the Frankfurt-based VDMA said in an e-mailed statement today. Domestic orders rose 5 percent, while orders from abroad fell 1 percent. In the three months through October, overall orders climbed 5 percent from a year earlier.

“The slump in orders expected by some still hasn’t happened,” Ralph Weichers, VDMA chief economist, said in the statement. “The continued deceleration in demand for machinery could primarily be due to cyclical factors.”

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.